Any bankruptcy lawyer worth
his fee and weight in gold, knowledgeable
and experienced in the field, application,
specialty sector of the market, will tell
you that the intricacies and complexities of
the personal bankruptcy filing process,
business bankruptcy or chapter 7 or 13
bankruptcy procedures, are nothing to tangle
with lightly. It is not a welcoming,
inviting world for newbie's and novices, or
those who are going the journey and
challenges alone. Not only that, it is made
more perilous by criminal elements taking
advantage of fraud, scams and crime, to
exploit, steal, lie and get what is not
rightfully their to ask or take, by some
scam or scheme.

Bankruptcy law requires a
fair amount of scrutiny, scruples
and wise discernment, especially
during the recovery phases, when
there are many unscrupulous elements
and exploiters out to make a quick
buck, off the misfortunes,
desperation and angst of those who
have faltered, fallen and could not
successfully stave off or avoid
bankruptcy. To them any straw or
glimmer of hope seems worth
embracing, even if it means taking a
risk, against all odds, believing in
something so ludicrous that someone
in different circumstances might
just see right through it, without
any difficulty, but they do, can not
or do not want to, do not care or
have no choice and are taken
advantage of, lied to, stolen from
and left devastated with and by yet
another setback. Utilizing the specialty
services on offer in the realms and arena of
the big league bankruptcy attorney
California talent-pool or bankruptcy Los
Angeles specialist practitioners, might cost
you some disbursements and fees down the
line, when assets are liquidated, bills
settled for quality and comprehensive
bankruptcy services rendered and delivered.
However, it will be totally worth it to
protect you against some of the scams,
fraudulent practices and outright misleading
out there.

Do not be merely one more
or another statistic, be taken advantage of,
sign anything until you know and verify whom
you are dealing with, what is at stake,
check them with the better business bureau.
If you have to and retain a qualified,
licensed and experienced attorney bankruptcy
law expert and insider, to handle all
aspects of your filing, case and recovery,
do so. You will not regret it.

Home equity loan
bankruptcy candidates and prospects are
especially vulnerable, as they are hooked
into signing away their most prized
possession and asset, their home!

Many online, fly-by-night,
fronts and criminal rings tap into this
‘hidden’ market to take advantage of
exploiting those desperate for a bankruptcy
loan, look for financing for cars, homes and
other ventures, in the post-filing
bankruptcy phases and stages. (These can
typically last up to 7-10 years on a credit
report, affecting access and credit ratings,
scores negatively. They then step in,
looking like the ‘heroes that save the day,
at exorbitant rates and terms, getting
people to sign away their life savings,
pensions, equity rights and assets, from a
position of powerless, hopeless, despair and
desperation, turning out to be the would-be
thieves, loan-sharks and criminal wolves in
sheep’s-clothing that they really are, just
out to make a quick buck and take what does
not legally belong to them.

One of the most common
bankruptcy form offenses and misleading out
there, is the purchase of a falsified,
fraudulent, inaccurate, or false credit
score. This is actually breaking the law and
a crime that you can be prosecuted for, so
avoid this practice in its entirety.

If you are an unfortunate
candidate for filing bankruptcy, or you have
gone through the process, protect your
interests and well-being, not falling victim
to identity thieves, loan sharks and
unscrupulous opportunistic lenders, who want
to exploit your circumstances and
unfortunate fate, turn of events and slow,
painstaking recovery.

In the current realty
markets, with all the foreclosures, some
markets are especially vulnerable, think of
the seniors in Florida bankruptcy processes,
at risk to lose their homes and life
savings. Those after hurricane season,
natural disaster left with nothing but bad
debt and no options, or those with simply
too much credit card debt, who opt to get
representation in the sunny state from a
reputable Florida bankruptcy lawyer, to
handle all aspects of it, only to find that
they have been sold down the river, by
someone posing to be what they are not.

There are lots of money to
be made in the cadres and halls of after
bankruptcy recovery type markets, especially
now in this downturn type economy that we
are facing.

#1: There are bankruptcy
car loan schemes, after bankruptcy car loan
financing at exorbitant rates, that promises
the world, for an arm and a leg and then
some, making the real market for car loan
after bankruptcy more complex than it has to
be, for those recovering from bankruptcy
themselves, making debt relief seem even
more unrealistic than ever.

#2: There are emails and
spam that enter your mailbox, (spammers),
enticing you to consolidate your bills into
one monthly payment without borrowing;
stopping all credit harassment,
foreclosures, repossessions, tax levies and
garnishments; or wipe out your debts. These
are then offered through the means of
declaring bankruptcy, without the candidate
or prospect being told that’s what it is. It
is a last resort, not a quick fix strategy
for everyone. Take care and be cautioned to
pay special attention to all the long-term
negative impact on your creditworthiness of
these types of steps, filings and processes.
There might also even be attorney fees that
you will end up being responsible for and
footing the bill. Read the fine print before
signing anything and know whom you are
dealing with.

# 3: Home equity, home
collateral type loans are also being
exploited right now in the uncertain,
downturn, foreclosure, over-extended
mortgage market we are in. This leads to
making some extremely gullible, desperate
and an open target to be taken advantage of,
by criminals that approach them with
‘creative’ short-term financing, that only
digs the hole of debt deeper. This results
in owners losing the equity or deeds to
their homes, being taken advantage,
especially true and sad of those facing the
challenges and obstacles so common
surrounding this financial situation. No
real solutions, just more heartache, debt
and ruined credit, stolen identity and
worse.

#4:
Then there are the
companies offering bankruptcy credit repair
services under the guise to get your
information, financial details, to ruin your
credit, steal, conduct crime and leave you
to sort out the mess and aftermath. There
are no quick and easy ways to clean or wipe
out a bad credit report; delete your
bankruptcy record or create a new identity
using a TIN or business tax number for
example. These are all fraudulent practices.
Remember, if an offer sounds too good to be
true, in all likelihood it is or will prove
to be down the line.

#5: Offering solutions
that are downright criminal, but does not
sound that bad. Getting a fake identity,
effectively concealing any/your bankruptcy
is against the law. It is a crime for which
you can be prosecuted. Getting an Employer
Identification Number (EIN) that you will
use in your credit application instead of
your social security number actually
proposes fraudulent intent, which the dress
up as a great way to get your life and
finances, debt, credit rating back on par –
they forget to mention that you might go to
jail in the process (as this is a crime)

#6: Bankruptcy foreclosure
fraud scams, taking advantage of yet another
loophole in the system identified as many as
five different kinds and rings of bankruptcy
fore-closer type scams, in the L.A. area.
This is but one and a recent example of how
opportunistic these types of practices can
be. There are trends in the market to file
for bankruptcy to delay or defraud
creditors, home lenders, without the clear
intention and purpose to actually see it
through and adhere to the requirements for
obtaining a bankruptcy discharge or
completing a repayment plan.

#7: Other scams to look
out for are ways others get you to part with
the little that you do have, pay off
creditors that do not matter (taking the
money, never paying your bills). NEVER pay
anyone upfront money, or funds in advance.
Do not give out any personal or financial
information with which you do not feel 100%
confident and comfortable.

There are exploiters and
abusers of the processes too, both debtors
and creditors trying to obtain more than
they are entitled to under the Bankruptcy
Code. Do not get roped into this by
so-called professionals professing and
advocating maximizing the retention of
assets in bankruptcy, conceal earlier
crimes, maximize profit, while leaving town
with your riches and precious little
recourse that you had left, taking with them
means, opportunity, reputation and hope.

DO NOT LET THIS HAPPEN TO
YOU! Get expertise on your side, be smart,
cautious and use commonsense when recovering
from bankruptcy. It is a long and
painstaking process, but there are ways that
you can deal with the challenges head on.

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